# Brazil’s Soybean Harvest Nears Finish Line

> Conab reported Brazil's soybean harvest 98% complete as of June 2, one point behind last year, with Rio Grande do Sul at 90%, six points behind 2023 due to floods. AgRural estimated Brazil's corn crop at 118.4 million tonnes, nearly 3 million higher than the previous crop, with Parana yields lowered by drought and heat.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13566-brazil-s-soybean-harvest-nears-finish-line
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Flood-related delays in moving soybeans from Rio Grande do Sul and a larger corn estimate shape Brazilian export logistics and feed supply, with the corn upgrade leaning bearish on corn prices.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-14 | [Brazil’s robust grain harvests and Panama Canal delays boost midsize bulkers, brokers say](https://feedsoft.ai/events/33985-brazil-s-robust-grain-harvests-and-panama-canal-delays-boost-midsize-bulkers.md) | -1.2% | -6.2% |
| SOY | 2023-08-30 | [Several factors at play for soybean markets - Brownfield Ag News](https://feedsoft.ai/events/34598-several-factors-at-play-for-soybean-markets-brownfield-ag-news.md) | -1.6% | -5.7% |
| SOY | 2020-04-22 | [Aquafeed.com \|
   

   
    Expected issues in the Brazilian soybean supply chain in a new record production year](https://feedsoft.ai/events/53491-aquafeed-com-expected-issues-in-the-brazilian-soybean-supply-chain-in-a-new.md) | -0.6% | +1.4% |
| SOY | 2017-09-13 | [Gauging Pre-Harvest Freight Costs](https://feedsoft.ai/events/69129-gauging-pre-harvest-freight-costs.md) | +2.3% | +2.3% |
| SOY | 2024-09-20 | [Fueling progress - American Soybean Association](https://feedsoft.ai/events/15181-fueling-progress-american-soybean-association.md) | +2.7% | -2.4% |
| CORN | 2017-08-17 | [Massive harvests of corn, soybeans pose storage problem in Brazil - CSMonitor.com](https://feedsoft.ai/events/69286-massive-harvests-of-corn-soybeans-pose-storage-problem-in-brazil-csmonitor-com.md) | -2.7% | -3.9% |
| CORN | 2025-02-18 | [Corn, soybean barge basis firm as some rivers rise](https://feedsoft.ai/events/26233-corn-soybean-barge-basis-firm-as-some-rivers-rise.md) | -4.4% | -2.4% |
| CORN | 2022-08-14 | [Ship carrying first Ukraine grain cargo nears Syria](https://feedsoft.ai/events/14465-ship-carrying-first-ukraine-grain-cargo-nears-syria.md) | -1.1% | -0.5% |

## Sources

- agriculture.com: https://www.agriculture.com/brazil-s-soybean-harvest-nears-finish-line-8657881

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.